ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

'there will be MORE you can bet on that'-----And we still have the credit card debt to hit the screens yet.
2517

More to come in the next 3 months apparently when will this end.

That there be a double bottom... all ready for the new year rally!

maybe sale of china bank stake repay some gov pref shares?

Break up talk in papers.

IS THAT WHAT THEY CALL A CUP AND HANDLE CHART...ARE WE LONGS GOING TO BE RICH?

hope so..

Thought you already was maestro.

JPM have a underweight rating on RBS.

mitzy does RBS have an underweight rating on JPM? In the light of what has happened over the past year ratings are not even as useful as the pieces of paper we all use every morning!

I use the Daily Mail..!

says it ALL/ that ALLit fit FOR REALLY/

Royal Bk Scot.Grp Disposal





TIDMRBS

RNS Number : 6028L
Royal Bank of Scotland Group PLC
14 January 2009

?
The Royal Bank of Scotland Group plc announces disposal of equity stake in Bank
of China


14 January 2009


Not for release, publication or distribution, directly or indirectly, in or into
the United States, Canada, Australia, Japan or South Africa.



The Royal Bank of Scotland Group plc ("RBS") announces that it has disposed of
its 4.26% equity stake in Bank of China for a net consideration of GBP1.6 bn.
RBS sold 10.8 bln H shares at HK $1.71 per share.


The decision to sell the stake forms part of the ongoing strategic review of the
Group's businesses announced in October. After taking account of tax and the
effects of currency hedging, the impact of this disposal on the Group's capital
ratios is expected to be broadly neutral.


Furthermore, from January 2009 the Group will no longer record the equity
minority interests relating to our original consortium investment in Bank of
China in its accounts. The loss of these equity minority interests reduces the
Group's capital ratios by approximately 15 to 20 basis points. As a result of
the above actions, the Group will benefit from an overall reduction in RWAs of
around GBP4bn.


RBS will continue to operate its network of branches across China in the areas
of Global Banking & Markets, Global Transaction Services, Wealth Management, and
Retail & Commercial Banking.


Notes to Editors


RBS announced its equity investment of GBP0.9bn in Bank of China on 18th August
2005, leading a consortium which acquired 10% of its issued share capital. The
RBS stake was diluted to 4.26% following the flotation on the Hong Kong and
Shanghai stock exchanges. RBS received dividends in respect of its 4.26% stake
of GBP80m in 2008.

after tax and all stuff they will get back what they invest 3 years ago..0.9bil always better than nothing now..
yea some analyst estimate worth 0.96p now..looks like market shititself..good for as cause we can get lots now for less and bad cause it'll take some time to get back to value..and we got no patience

Down another 15% the City is in no mood with banks.

There wont be much left to short on monday!

trouble is they'll probably all go long instead and catch every body out

Wont be long now...!

- - - - - - - - - - BANKS today - - - - - - (DYOR) - - -
BARC =minus25% - - - - 98p
LLOY = minus 5% - - - - - 98p ( but was positive most of the day).
RBS = minus 13% - - - - 34p
CTT = +8% - - - - - 19p

Added Cattles. . . (OK not a "real Bank" - but someone might say: Neither are the others!-Ho-Ho)
BARC was wrong%, but the price is correct - AND who would have thought it, eh?

Sorry abt. errors etc. skinny,
-unfortunately I haven't worked out how to collect the necessary data and post in one go....it would be nice if we could have a BANK thread, so we might watch/compare...otherwise this switching "Quote" is somewhat long-winded. If it was a floating "Compose" then I could switch between Stocks.....has no-one suggested this? The new-style Winners/losers also has a "sector" option, unfortunately they are still either Win/Lose so you can't get a one-stop "picture.

+I understood BARC did a deal with the MiddleEast at 12%-ish - possible to fund Barclaycard, where the intrterest-rate is well into the 20's - - - so they will shut-down any traditional low-rate loans ( Whoops!) and try to switch customers into plastic ( Yikes!)....they alone of the Big-Banks did not take Government money - - - but maybe now they can't resist.... anyone?

[ IMHO, Banking could get very Nasty for idiot Customers - - - - and it's none too good for prudent Savers - whose income has been halved.(Bah Bah, Humbug!).]

LLoy closed @98.4 -4.9%

edit - your edit quicker than mine!

edit BARC was -24.9%